12 February 2013

Brokers to Bank of Canada: We don’t need interest rate hike – we need to fight unsecure debt!

Recently the Bank of Canada Deputy Governor Timothy Lane said the
government has already intervened four times in the national mortgage
market in order to reduce the excessive borrowing.  According to him, if
these measures appear to be insufficient, the bank may use monetary
policy changes – in other words, interest rate increase…

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